Wednesday - March 7, 2007 - 11:00am
Eagles Club, 141 East Rose St., Owatonna, MN

Location: 2 miles east of Owatonna on Highway 14. 

Legal: A tract in the Norththeast Quarter (NE1/4), Section Twenty-four (24), Township One Hundred Seven (107) North, Range Twenty (20) West of the 5th PM, Owatonna Co., MN containing 90 acres more or less. Exact legal to be taken from the abstract. 

Land Description: Nearly level to gently rolling, all tillable irregular shaped tract bordered by a gravel road on the north (So. 18th St.), a gravel road on the east (SE 34th Ave), and Highway 14 on the south.

Soils: Majority of soils are Webster, Dakota, and Canisteo. Average CER 77.24

Possession: Close on or before April 18, 2007.

RE Taxes: Annual Real Estate taxes $1812.00

Terms: percent down day of sale. An additional 15 percent will be required at close. The seller will finance the balance on a contract for deed. The contract will be five years with a balloon payment on the 5th payment. Annual interest rate is 5 percent.

Brokers Note: Excellent opportunity to purchase an all tillable Minnesota farm, Highway 14 location just east of Owatonna. Add the Seller financing offered with attractive contract terms and an affordable interest rate makes this farm one to take a look at.

Broker: Jon Hjelm / The Acre Co. 712-240-3529

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